Chinese stocks mixed, Shanghai market weighs

Chinese stocks closed mixed on Wednesday as weakness in the Shanghai market weighed.

At the close of market hours, the benchmark Shanghai Composite Index was down 0.17 percent to end at 3,404.80 points. The smaller Shenzhen Component Index gained 0.27 percent.

The bluechip index CSI300 was 0.04 percent higher. Meanwhile, the tech-heavy ChiNext Composite Index advanced 0.78 percent.

The STAR 50 Index, which tracks the 50 biggest and most representative companies listed on the tech-heavy STAR Market for more than six months, edged down 0.26 percent.

Turnover on the two major bourses shrank to 969 billion yuan (US$ 141.51 billion).

Foreign investors sold a net 6 billion yuan worth of China shares on Wednesday via the Stock Connect linking the Chinese mainland and Hong Kong, which allows foreign investors access the country’s onshore equities market.